The Florida Senate

Whenever any lost or abandoned personal property shall be found on a campus of an institution in the State University System or a campus of a state-supported community college, the president of the institution or the president’s designee shall take charge of the property and make a record of the date such property was found. If, within 30 days after such property is found, or a longer period of time as may be deemed appropriate by the president under the circumstances, the property is not claimed by the owner, the president shall order it sold at public outcry after giving notice of the time and place of sale in a publication of general circulation on the campus of such institution and written notice to the owner if known. The rightful owner of such property may reclaim the same at any time prior to sale.

All moneys realized from such institution’s sale shall be placed in an appropriate fund and used solely for student scholarship and loan purposes.